First National Bank Alaska announces unaudited results for third quarter 2026
Key Highlights
- ➤Net income $25.2 million, or $7.95 per share, versus $21.4 million, or $6.75.
- ➤Net interest margin rose to 4.05% from 3.76% year over year.
- ➤Assets reached $5.3 billion, up $59.0 million, driven by strong deposit growth.
- ➤Nonperforming loans fell to $6.8 million, or 0.24% of outstanding loans.
- ➤Return on equity increased to 15.49% from 14.13% year over year.
Expert Statements
Betsy Lawer, First National Board Chair and CEO/President
“Our third quarter results reflect disciplined financial management and the trust Alaskans place in First National.”
Betsy Lawer, First National Board Chair and CEO/President
“Higher net income, an improved net interest margin and strong asset quality demonstrate the strength of our approach to serving customers and building shareholder value.”
Betsy Lawer, First National Board Chair and CEO/President
“Our Board of Directors, management team and more than 600 employees all contribute to these results by combining sound decision-making with personal service and a shared commitment to Alaska’s future.”
ANCHORAGE, Alaska, Nov. 04, 2026 (GLOBE NEWSWIRE) -- First National Bank Alaska’s (OTCQX:FBAK) net income for the third quarter of 2026 was $25.2 million, or $7.95 per share. This compares with net income of $21.4 million, or $6.75 per share, for the same period in 2025. Return on assets increased to 1.74%, an improvement of 21 basis points from the same period in 2025, driven by higher net income.
“Our third quarter results reflect disciplined financial management and the trust Alaskans place in First National,” said First National Board Chair and CEO/President Betsy Lawer. “Higher net income, an improved net interest margin and strong asset quality demonstrate the strength of our approach to serving customers and building shareholder value. Our Board of Directors, management team and more than 600 employees all contribute to these results by combining sound decision-making with personal service and a shared commitment to Alaska’s future.”
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